Anything On the subject would help!

Also, where I am at least, you frequently have to pay transfer tax on the value of the property being transferred, depending on the circumstances.

@Rick StantonPer a lawyer I spoke with, all contracts are subject to interpretation, and can be broken.The insurance company has the goal of least out of pocket. 

This isn't a court case yet, and if you choose the court route, you're subject to a judicial foreclosure, which has its own set of nightmares and redemption periods (even in California).

In the last 3 months, I have had to return security deposits to 2 renters who no longer wanted to be in the  house because of frequent break-ins in the neighborhood.

My son actually knows the president from his campus involvement and talks to him frequently but I am not sure if I should advise my son to inform him that we are looking to make an offer on his property.  

I have been getting real conflicting information every time I bring this subject up so figured I would throw it up to the group for any insights on it.My question is, what action makes a property management company an actual property management company? 

Equity % will be important but since that mortgage remains in 1st position this should be possible to do...as long as the "subject to" deal was structured properly sort of thing. 

Do you have other assets subject to similar risk types? 

Have you investigated taking the property subject to?